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and you're going to see india, its growth by 2030, will be like china is today. that will be that big, huge democracy. >> before anybody's freaking out and transferring their children into all mandarin-speaking schools, we are not going to be in dire straits. we are still going to be a big influence in the global landscape, right? >> absolutely. you're going -- absolutely, no question. but it's going to be, well, one of the quotes from the story is basically that the pacs americana will be over and you're going to see not that one power dominating everything, it's going to be middle classes around the world and more of a balanced power around the world. one thing that's interesting about this, you will have competition for jobs that will create middle classes. it will be pressure on western countries and their middle classes. because around the world, you've got hundreds of millions of people who will be coming up out of poverty, who will want to be in the middle class and have the technology to do those jobs that are we're doing now. >> there's a great read in "
and you're going to see india, its growth by 2030, will be like china is today. that will be that big, huge democracy. >> before anybody's freaking out and transferring their children into all mandarin-speaking schools, we are not going to be in dire straits. we are still going to be a big influence in the global landscape, right? >> absolutely. you're going -- absolutely, no question. but it's going to be, well, one of the quotes from the story is basically that the pacs americana...
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you going to borrow it from china? alisyn: i mean, you know, nancy pelosi's taken a lot of heat for that famous saying, you have to pass the bill to figure out what's in the bill. but now that seems haunting, because the fact that even senators now are saying, whoa, whoa, whoa, slow down, we want some of these things repealed. >> 17 democrats in the senate including senator-elect elizabeth warren from massachusetts. 17 democrats in the senate with three weeks to go before this tax is imposed suddenly realize this is going to cost a lot of money, it's going to hurt my voter, it's going to hurt the device industry. please delay it. all of a sudden. alisyn: maybe they should have read it. >> but it was very long. alisyn: it was long. [laughter] you've got that right. stu varney, thanks so much for parsing all of this. >>> meanwhile, a violent political power struggle on the streets of one major u.s. ally, but as both sides protest in egypt, there's also a push to legitimize some hard-line islamist groups. so in three minu
you going to borrow it from china? alisyn: i mean, you know, nancy pelosi's taken a lot of heat for that famous saying, you have to pass the bill to figure out what's in the bill. but now that seems haunting, because the fact that even senators now are saying, whoa, whoa, whoa, slow down, we want some of these things repealed. >> 17 democrats in the senate including senator-elect elizabeth warren from massachusetts. 17 democrats in the senate with three weeks to go before this tax is...
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, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45 days. it's up to the obama administration and they're going to take a look a lot of heat about where the stimulus dollars went, why the company failed, and why we actually let companies come in owned by the chinese and rescue ailing companies when we need the jobs like you said here. >> there was an american company wanting to buy it, to keep the technology here at home where we need it. a.b., do you remember the first time we heard about this committee? >> oh, no. >> january of 2006. >> oh, yeah. that's so long ago, i don't even
, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45...
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jenna: china has a role in all of this as well? >> china has been backing both iran and north korea with regard to missiles and nukes. >> where can you point to as an example where sanctions have actually worked, when it comes to north korea or iran or anywhere? north korea is obviously still pursuing a very high-tech weapon. >> right. >> according to these reports they deny it. >> sure. >> to be fair when have sanctions really worked? worked5 and 2007 with regard to those financial sanctions i talked about. of course they also worked with south africa which is the prime example. they probably also worked with regard to yugoslavia when the country was going through some problems. sanctions can have an effect. not enough on their own but when you do that with other diplomacy, yeah, they can have a lot of effect on these regimes. iran right now is reeling because of the financial sanctions that the u.s. imposed on the central bank of iran. jenna: that is what many say. the big question do we see them test a nuclear weapon in the next
jenna: china has a role in all of this as well? >> china has been backing both iran and north korea with regard to missiles and nukes. >> where can you point to as an example where sanctions have actually worked, when it comes to north korea or iran or anywhere? north korea is obviously still pursuing a very high-tech weapon. >> right. >> according to these reports they deny it. >> sure. >> to be fair when have sanctions really worked? worked5 and 2007 with...
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china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the battery company. the problem is, taxpayers have subicized a 123 and pumped in a grant and gave it to this outfit that is now bankrupt and china is picking up the pieces dirt cheap. the ball is in president obama's court. there is a committee that decides whether or not a foreign company can buy an american company. on what grounds do they wish to buy. is it in our national interest to sell to a chinese company. time geithner heads that committee and he will decide are we going to sell this dirt cheap to china or not. >> gretchen: oh, by th
china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the...
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australia taiwan, but china anti-want slipped -- and taiwan slipped a bit. analysts say the fiscal cliffs are taking a positive return. here is the nasdaq, and s&p 500 all posting moderate gains. >>> to many people's surprise the government will end up with a profit for the bailout of the end insurance -- of the insurance giant. a.i.g. may be able to pay a dividend to its shareholders by next summer, quite a turnaround. >>> they just lot a brainy battle. >>> and we have more on the new invention that will be launched into space today. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she for real? your generation has it made. [ male announcer ] the wireless receiver only from at&t u-verse. get u-verse tv for $29 a month for six months. re
australia taiwan, but china anti-want slipped -- and taiwan slipped a bit. analysts say the fiscal cliffs are taking a positive return. here is the nasdaq, and s&p 500 all posting moderate gains. >>> to many people's surprise the government will end up with a profit for the bailout of the end insurance -- of the insurance giant. a.i.g. may be able to pay a dividend to its shareholders by next summer, quite a turnaround. >>> they just lot a brainy battle. >>> and...
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>> it broke a lot of china. people didn't like it. his point was why are we listening to the same set of consultants when we're losing? this racketeering, the problem is the five people who are on this, you know, commission, if you will, or this autopsy if you will -- >> growth and opportunities. >> are all part of the same racket and they will cover for the newt gingrichs of the world and the dick morrises of the world and the car roves of the wor world. >> and learn nothing? >> i think they will come back they have to do a better job communicating their message. >> but i wonder if it also depends on -- okay, so they put out their report and it's a big cya. i wonder how bobby jindal responds to that, who has been very forceful since election day about the problems of the party. what does chris christie say about what's in that report? it's one thing to have this autopsy body doing this report. it's another thing, again, to rank and file, the governors who are out there who have to pick up the broken pieces of their party if they're g
>> it broke a lot of china. people didn't like it. his point was why are we listening to the same set of consultants when we're losing? this racketeering, the problem is the five people who are on this, you know, commission, if you will, or this autopsy if you will -- >> growth and opportunities. >> are all part of the same racket and they will cover for the newt gingrichs of the world and the dick morrises of the world and the car roves of the wor world. >> and learn...
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want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have
want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather...